Do you think we've seen the worst of this dip for now?
Bitfinex cryptowatch shows the lowest deal on BTC for this time was 9,231$ which was just about a Fibonacci retracement (almost on point). I am not using TA normally, but I am considering it when thinking about the market. For now, it looks like the worst is over. This dip might be a healthy thing for the market, and CAN be the catalyst for another run-up.
What is your take on the situation?
We should really be thankful on these kind of corrections because it do signifies a healthy market.Its much better than on those upward movement always on crypto which isn't really good at all. Now basing on technical analysis we can already presumed that we are already ready to take off some heights as of now. Green can be seen on the market even on upcoming months but yet no one really knows on what is the movement knowing its really an unpredictable thing.